Savings Accounts and High Stakes Gambling

"A penny saved is a penny earned," right?  Isn't that what they always say?  And accordingly, the crustimony proseedcake (customary procedure for all of you non-Pooh readers) for people of my age bracket is to have savings in a number of formats.  There is the simple savings account, of course, but there are many others as well.  There are IRAs, 401Ks, stock portfolios, insurance policies and surely many others that I don't even know about.  In our society, people feel like they are flapping in the breeze if they do not have a diversified portfolio.  Well, I have a diversified portfolio of my own, but it does not involve a single of the formats mentioned above.  What I have is this: